In 2023, the real gross domestic product (GDP) of Michigan increased by roughly 1.9 percent compared to the previous year. 2021 saw the most growth experienced by the state's GDP since 2000. The significant growth of the Michigan GDP in that year can be attributed to the recovery from the COVID-19 pandemic.

Graph and download economic data for Gross Domestic Product: All Industry Total in Michigan (MINGSP) from 1997 to 2024 about MI, GSP, industry, GDP, and USA.

In 2024, the real gross domestic product (GDP) of Michigan was 566.03 billion U.S. dollars. This is an increase from the previous year, when the state's GDP stood at 554.26 billion U.S. dollars.

Financial overview and grant giving statistics of Michigan Economic Development Foundation

Graph and download economic data for Total Gross Domestic Product for Detroit-Warren-Dearborn, MI (MSA) (NGMP19820) from 2001 to 2023 about Detroit, MI, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Michigan (MIRGSP) from 1997 to 2024 about MI, GSP, real, industry, GDP, and USA.

This table is generated off of a report for the Michigan legislature. To see the full report and footnotes, go to https://transparency.michigan.gov/Michigan-Economic-Development-Corporation/FY-2017-MEGA-Annual-Report/ecmr-ss2d/data?firstRun=true

This table is generated off of a report for the Michigan legislature. To see the full report and footnotes, go to https://transparency.michigan.gov/Michigan-Economic-Development-Corporation/2016-Renaissance-Zone-Annual-Report-Final/gdux-qms2/data?firstRun=true

This table is generated off of a report for the Michigan legislature. To see the full report and footnotes, go to https://transparency.michigan.gov/Michigan-Economic-Development-Corporation/2016-Renaissance-Zone-Annual-Report-Final/gdux-qms2/data?firstRun=true

Uncover historical ownership history and changes over time by performing a reverse Whois lookup for the company Michigan-Economic-Development-Corporation.

Investigate historical ownership changes and registration details by initiating a reverse Whois lookup for the name Michigan Economic Development Corporation.

This table is generated off of a report for the Michigan legislature. To see the full report and footnotes, go to https://transparency.michigan.gov/Michigan-Economic-Development-Corporation/2016-Renaissance-Zone-Annual-Report-Final/gdux-qms2/data?firstRun=true

Financial overview and grant giving statistics of MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION

This table is generated off of a report for the Michigan legislature. To see the full report and footnotes, go to https://transparency.michigan.gov/FY2014-Business-Development-Program/FY2014-Business-Development-Program-Report/r5hg-r2wf

Graph and download economic data for Total Gross Domestic Product for Grand Rapids-Wyoming, MI (MSA) (NGMP24340) from 2001 to 2023 about Grand Rapids, MI, industry, GDP, and USA.

United States Michigan: GR: OS: CM: Charges: Housing & Community Development data was reported at 82,398.000 USD th in 2015. This records an increase from the previous number of 59,731.000 USD th for 2014. United States Michigan: GR: OS: CM: Charges: Housing & Community Development data is updated yearly, averaging 31,342.000 USD th from Sep 1977 (Median) to 2015, with 37 observations. The data reached an all-time high of 86,725.000 USD th in 2004 and a record low of 18,510.000 USD th in 1983. United States Michigan: GR: OS: CM: Charges: Housing & Community Development data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.F031: Revenue & Expenditure: State and Local Government: Michigan.

Real gross domestic product (GDP) in the United States is expected to grow by just over two percent in 2025. Beyond that, growth is projected to ease, slipping from roughly 2.8 percent in 2024 to around 1.8 percent by 2030. The softer outlook points to an economy that is still expanding, but at a more subdued pace. Is U.S. debt sustainable? The U.S. economy continues to grapple with growing levels of public debt. The national debt is anticipated to reach approximately 122.5 percent of GDP in 2025, reflecting ongoing fiscal pressures. The U.S. is not alone in it high debt-to-GDP ratio. Other developed economies, including Japan, Singapore, and Italy, currently maintain even higher public debt burdens. Such levels could constrain future economic growth and narrow the range of policy options available to governments. Consumer sentiment in flux The University of Michigan’s Consumer Sentiment Index, a key gauge of confidence in the economy. In November 2025, it stood at 51, its lowest level since June 2022. Based on monthly surveys of households, it tracks consumers views on personal finances, buying conditions, and the broader economic climate.

This table is generated off of a report for the Michigan legislature. To see the full report and footnotes, go to https://transparency.michigan.gov/Michigan-Economic-Development-Corporation/2016-Renaissance-Zone-Annual-Report-Final/gdux-qms2/data?firstRun=true

This table is generated off of a report for the Michigan legislature. To see the full report and footnotes, go to https://transparency.michigan.gov/Michigan-Economic-Development-Corporation/MEGA-FY-2016-Annual-Report/8xh3-jvdi